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DAILY ANALYSIS REPORT MAY-13-2021

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Time Frame

H1

Commentary : The Aussie spiked down sharply in previous session on the back of stronger U.S.’s Inflation results. The pair made intraday high at $0.7748 and low at $0.7716 mark. A day chart is bullish but H1 chart confirms bearish trend for the time being. A sustained close above $0.7751 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7717 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7751S10.7717
R20.7780S20.7677
R30.7822S30.7640
R40.7855S40.7610
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7755Sell Below : 0.7703
– Take Profit : 0.7790– Take Profit : 0.7677
– Stop Loss : 0.7722– Stop Loss : 0.7740

Commentary : The euro trades marginally higher on Thursday and stabilizes below $1.21 mark. Today most of the European markets will remain closed, thus likely to have limited volatility in the Euro Parity. Today pair made intraday high at $1.2088 and low at $1.2067. Today triple EMA on a day chart is bullish while H1 chart is confirming down Trend. A consistent close above $1.2101 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2057 on H1 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2101S11.2057
R21.2150S21.2018
R31.2178S31.1990
R41.2206S41.1962
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2090 Sell Below : 1.2041
– Take Profit : 1.2121  – Take Profit : 1.2015
– Stop Loss : 1.2062  – Stop Loss : 1.2074

Commentary : The pound trades almost flat on Thursday and hovers around $1.4050 mark. The pair made intraday high at $1.4078 and low at $1.4050 mark. Today a day chart is up but H1 chart with triple EMA confirms bearish trend for the time being. A sustained close above $1.4096 requires for the upside rally. Alternatively, a consistent close below $1.4040 will check further key supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4076S11.4040
R21.4096S21.4002
R31.4142S31.3985
R41.4170S41.3942
BUYSELL
  
Buy Above : 1.4080Sell Below : 1.4038
– Take Profit : 1.4106  – Take Profit : 1.4000
– Stop Loss : 1.4038  – Stop Loss : 1.4075

Commentary : The Canadian dollar erases previous gain against U.S. dollar and jumps back above 1.2100 mark. Today pair made intraday high at 1.2139 and low at 1.2103 mark. A day chart is bearish but H1 chart with Triple EMA confirms bullish trend for the time being. A sustained close above 1.2146 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2082 on H1 chart will check key supports too. Later today Bank of Canada governor is due to speak at 1500 GMT, it might bring volatility in to the CAD parity.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2146S11.2100
R21.2174S21.2074
R31.2193S31.2038
R41.2218S41.2002
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2150Sell Below : 1.2099
– Take Profit : 1.2176  – Take Profit : 1.2067
– Stop Loss : 1.2120  – Stop Loss : 1.2132

Commentary : The Japanese yen falls sharply on Thursday as Japan’s Current account data misses expectations. It is the lowest level since April 9, 2021. The pair made intraday high at 109.78 and low at 109.48 mark. The triple EMA on a day chart and H1 chart suggests up trend for the time being. A sustained close above 109.82 on H1 chart requires for the upside rally. Alternatively, a consistent close below 109.51 on H1 will check further key supports.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1109.82S1109.51
R2110.22S2109.22
R3110.58S3108.89
R4110.87S4108.67
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.82Sell Below : 109.49
– Take Profit : 110.10  – Take Profit : 109.20
– Stop Loss : 109.60  – Stop Loss : 109.69

Commentary : Gold spiked down sharply in previous session as U.S. released inflation data with positive numbers. Today pair made intraday high at $1,823 and low $1,813 mark. A day chart is up but H1 chart is confirming bearish trend for the time being. A sustained close above $1,822 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,815 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11822S11812
R21827S21807
R31832S31799
R41840S41792
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1822Sell Below : 1815
– Take Profit : 1828  – Take Profit : 1808
– Stop Loss : 1817  – Stop Loss : 1822

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Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by - TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

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